Tag Archives: Market Studies

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

The Federal Housing Finance Agency has announced the acceptance of membership applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing to discuss a wide range of housing topics, including fair lending, fair housing, civil rights, single- and multifamily lending, and community advocacy.

Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.

According to a new Redfin study, while nearly one in five homeowners surveyed plan to sell their home in the next year, new jobs and return-to-work mandates are forcing some to sell their home quickly, and at a loss.

Midwest markets were a hot spot for renters seeking more affordability during peak rental season, dominating the top half of the nation's 20 most competitive rental markets. Renters now have more options to choose from, as the national supply of apartments experienced a slight increase compared to the same time last year, according to a new RentCafe study.

While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.

Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who took a loss while selling sold their home for roughly $100,000 less than they bought it for.

HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.

The U.S. Department of Housing and Urban Development announced a 12% increase in Fair Market Rents across the U.S., in addition to making $113 million available in Housing Choice Vouchers to public housing agencies to help families meet rising housing costs.

While overall U.S. mortgage performance remained strong in June, Molly Boesel, Principal Economist for CoreLogic, notes that the impact from recent weather disasters will likely see impacted regions increase in the months to come.